HSBC - News, Articles & Research

HSBC buys virtual plot of land in the metaverse

HSBC has become the latest financial institution to venture into the metaverse, acquiring virtual real estate in The Sandbox.

16 March 2022

News/retail

HSBC to shutter 69 branches

HSBC is to shut a further 69 branches, leaving 400 front-line jobs at risk.

15 March 2022

Company announcement/wealth

HSBC and ONE Esports team up to tackle financial fitness

HSBC, one of the world’s largest international banking and financial services organizations, and ONE Esports, a leading esports media platform and subsidiary of Group ONE Holdings (ONE), today announced a new partnership that will change the way players engage with esports.

15 February 2022

Company announcement/markets

HSBC integrates with Bloomberg AIM

HSBC and Bloomberg today announced their collaboration to offer a seamless post-trade workflow through product and data integrations, delivering a more streamlined front-to-back user experience for mutual clients.

08 February 2022

News/sustainable

HSBC earmarks $100 million to fund green technology

HSBC is to allocate $100 million to funding green technology projects as part of the Breakthrough Energy Catalyst network.

01 February 2022

Company announcement/payments

Coupa Sotware to offer HSBC virtual cards to European businesses

Coupa Software (NASDAQ: COUP), a leader in Business Spend Management, today announced a strategic collaboration with HSBC under its Coupa Pay offering.

12 January 2022

News/crime

HSBC fined £63.9m for AML failings

HSBC is the second bank this week to be handed down a fine by the FCA for failings in its anti-money-laundering (AML) processes, being hit with a £63,946,800 penalty.

17 December 2021

News/crypto

Banque de France demos ledger interoperability in CBDC trials

The Banque de France has completed the last of its interbank settlement in CBDC experiments, demonstrating the possibility of direct ledger interoperability in a hybrid cloud environment across multiple technologies and asset classes.

16 December 2021

Company announcement/sustainable

HSBC to phase out coal financing

We are committing to phase out thermal coal financing, in a net zero aligned timeline, in a way which enables HSBC to help finance a just transition in emerging markets.

14 December 2021

News/payments

HSBC and Wells Fargo achieve PvP settlement finality with DLT

HSBC and Wells Fargo have completed the first interbank Payment vs Payment (PvP) settlement outside of CLS using distributed ledger technology from Baton Systems.

13 December 2021

Company announcement/regulation

EU fines banking giants €344 million over FX price fixing cartel

The European Commission has completed its cartel investigation into the Foreign Exchange (‘Forex') spot trading market by imposing fines on five banks.

02 December 2021

News/crypto

HSBC joins $200m funding round for ConsenSys

HSBC has joined a $200 million funding round for ConsenSys that values the blockchain software engineering firm at $3.2 billion.

18 November 2021